November 19, 2025
A Maryland federal judge has given the final sign-off on a $5.75 million settlement in a class action alleging subprime credit card company Mercury Financial did business without a license, though the judge reduced the requested attorney fee award for class counsel from 33% of the settlement fund to 25%.
May 24, 2024
A Maryland credit card customer pressed the Fourth Circuit to affirm a district court's decision to keep in federal court a proposed class action alleging subprime credit card company Mercury Financial did business without a license, arguing arbitration cannot be fairly enforced, and that Mercury is trying to raise new arguments on appeal.